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20121112
20121120
Search Results 0 to 7 of about 8 (some duplicates have been removed)
of a change. john boehner will be the speaker of the house, you know, unless something unforeseen happens in the next few weeks. he will be, he will keep the reign. the republicans gained, you know, a few seats, but that's not really going to effect his shot. he ran unopposed in ohio for his own race, and the defining conflict of the republican conference in the 112th congress, this sort of conflict between eric cantor, the majority leader, and john boehner, the speaker, is really behind them at least, you know, from everything that we have seen. the -- so that is remarkably stable, the first three positions. john boehner will be, you know, the next speaker, eric cantor will be the majority leader, and kevin mccarthy will be the majority whip. where it starts to get interesting is for the conference chairman position. this is currently held by jeb hensarling who is making a bid to be the financial services chairman. hensarling has been a sort of rising star for a while within republican ranks. he was a republican study committee chairman which is sort of the top conservative position in r
of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
the tone of speaker boehner's remarks was very good. i also want to see what the substance was. what i do know is that different people heard this remark and interpret it in very different ways. grover norquist said he thought it was a good statement by speaker boehner, and other people who think we need to generate additional revenues to have a deficit reduction plan also say he made a good statement. it would be good to know exactly what he is talking about. >> how about for you? the whole premise of tax cuts, as we talked about the last 24 hours, is to eliminate deductions and bring down rates. that is what happened in 1986. >> i am talking about, what is our starting point in terms of the rates? what are we negotiating from? are we negotiating down from 35% or from 39%? i want to emphasize this point -- simpson-bowles, go look at it. they assume the amount of revenue that you would achieve if you allow the tax rate to go up. their tax reform plan is built off an assumption that you will get the amount of revenue as if he started at 39% and went down. they begin with what they call the
tax increases one way or another. bill: do you think that flies in the u.s. house? does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doi
incomes now and ensuring security for the future. hthis is the end of vision that speaker boehner without for the country last week. i cannot think why the present would not embrace it. someone said we should go over the cliff. just go off of the cliff. hope for the best. i do not think that is what the american people had in mind when they went to the polls last week. but they had in mind is that we put the contest of the past two years behind us and work it out. the best way forward in the way that will lead to jobs and growth, a smaller deficits, and you were political fights is to keep everyone where they are. figure out a way to avoid the automatic defense cuts scheduled to hit at the end of the year without putting a penny last thing we promised and committed to the entitlement reforms that we all claim we want. a simpler tax code that lowers rates and cuts special interest loopholes would create jobs and result in more revenue without raising anyone's rates. we know this because we have seen it before. it actually works. i do not think washington should get any of that extra revenu
in congress are another. they have to come together. speaker boehner said he's willing to entertain more revenue. the president should take him up on that offer and they ought to come together and find some way through this. the republican party has got to take a good luook at what its future holds but a good start will be coming together to solve this problem. >> governor, nancy pelosi of course out this morning says she's going to run again for some leadership in the congress. is that a signal that the white house is going to remain more partisan perhaps than some hope? >> actually, i don't think so. you know, nancy pelosi was the one who produced the votes for the financial bailout. you all recall that. there weren't republican votes even when president bush proposed it and secretary paulson. nancy found the votes. nancy is good at finding the votes out of our progressive wing and the president will need votes from our progressive wing and nancy is a good person to do that. >> we'll see how things go down this afternoon and later in the week. governor, lanhee good to see you back. don
.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ . >>> welcome back, everyb
Search Results 0 to 7 of about 8 (some duplicates have been removed)